1. Which group of tactics would be most commonly used to increase asset turnover?

a. Increase capacity to lower plant utilization to minimum levels, increase contribution margins, & increase ROS b. Lower capacity to increase plant utilization to maximum levels, increase contribution margins, & increase ROS c. Increase capacity to lower plant utilization to minimum levels, decrease contribution margins, & decrease ROS

d. Lower capacity to increase plant utilization to maximum levels, decrease contribution margins, & decrease ROS

2. Why would your company want to extend out its accounts receivable policy?

a. Extending their receivables will slightly increase demand b. Extending their receivables will increase their available cash c. Extending their receivables will make their suppliers happy d. None of the above

3. Besides charging below average prices to customers, select which group of characteristics would be most commonly used by a broad cost leadership strategy.

a. Heavily increase automation ratings, invest heavily in marketing, & target a specific group of market segments b. Heavily increase automation ratings, minimize marketing expenses early, & maintain a presence in every market segment c. Slightly increase automation ratings, invest heavily in marketing, & maintain a presence in every market segment d. Slightly increase automation ratings, minimize marketing expenses early, & target a specific group of market segments